Published: 2025-09-12T07:35:05.000Z
Chart GBP/JPY Update: Pressuring 200.00/30 highs
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Still little change, but pressure remains on the upside and see scope for break of the resistance at 200.00/30
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 202.00 | * | congestion | S1 | 199.00 | * | congestion | |
| R3 | 201.50 | * | 76.4% Jul/Aug 2024 fall | S2 | 198.00 | ** | congestion | |
| R2 | 200.30 | ** | 13 Aug YTD high | S3 | 197.00 | * | congestion | |
| R1 | 200.00 | * | congestion | S4 | 196.40/00 | ** | May, Mar highs |
Asterisk denotes strength of level
07:30 GMT - Still little change, but pressure remains on the upside and see scope for break of the resistance at 200.00/30, congestion and August current year high. Positive daily and weekly studies suggest scope for break here to further retrace the sharp July/August 2024 losses. Clearance will see room for extension to 201.50, 76.4% Fibonacci level. Meanwhile, support is raised to the 199.00 congestion which now underpin. Would take break here and the 198.00 support to fade the upside pressure and see deeper pullback to retrace gains from the 195.00, August swing low.